17.11.2011 - Falling demand softens commercial property in Mumbai
The commercial property market in the country's financial capital is veering towards a massive slowdown, with falling demand, rising vacancy levels and a scary oversupply. Rising economic uncertainty around the globe is forcing international financial companies to put their India expansion on hold, hitting realtors in Mumbai. At the end of the September quarter, total commercial space stock in Mumbai rose 14% from a year ago to 81.6 million sq ft............................................Full Article: Source
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